The Ontario Securities Commission (OSC) has delegated additional registration-related powers and duties to the Canadian Investment Regulatory Organization (CIRO), effective 1 April 2025. CIRO now assumes responsibility for the registration of investment dealers, mutual fund dealers and futures commission merchants, as well as individuals acting on their behalf. The delegation is intended to streamline and harmonize Ontario’s registration framework by removing duplication and reducing burdens for registrants, while the OSC maintains risk-based oversight of CIRO’s performance. The change follows a recommendation in the Capital Markets Modernization Taskforce report published in January 2021, and the Canadian Securities Administrators issued a separate release setting out its plans for CIRO delegation.
Canadian Investment Regulatory Organization 2025-04-01
Ontario Securities Commission delegates expanded registration functions to Canadian Investment Regulatory Organization
The Ontario Securities Commission has delegated additional registration-related powers to the Canadian Investment Regulatory Organization (CIRO) as of 1 April 2025. CIRO now handles registration for investment dealers, mutual fund dealers, and futures commission merchants, aiming to streamline Ontario’s registration framework. The OSC will continue risk-based oversight of CIRO’s performance.